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Factoring Total to start short-term debt program worth $3M

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Factoring Total to start short-term debt program worth $3M

Peru's Factoring Total SA is launching a short-term instruments bond program worth $3.0 million or the equivalent in Peruvian soles, according to a prospectus published on May 29.

The proceeds from the future bond offerings of the program will be used to finance the company's operations.

The program will be in place for the next six years, the company said, noting that terms of each series will be determined before the date of issue.